[Nursie]

> Bitcoin is the solution

It's the solution to nothing. Nothing.

This is pretty hilarious though, Bitcoin is exactly the same as a variety of other cryptocurrencies, which are carbon copies of it. Identical. But right on cue here come the bitcoin maximalists to explain that theirs is special.

Here's the only reason it's special - brand recognition. That's it. That's what you have over the various forks and clones. First mover advantage.

And this is what tells me that the technology isn't really solving anything, and nobody actually gives a fuck about it - other coins fix problems with BTC, they either make it more anonymous, or resolve transactions faster, or more of them, or all sorts of other things. But BTC still rules the roost because the whole thing is built on hype and sentiment and nothing more.

[jkepler]

Actually, what you call brand recognition could be monetary adoption, as every nongovernmental money such as gold or silver had widespread adoption on their merits.

Bitcoin solved the Byzantine generals' problem in adversarial network contexts, by its innovative deployment of proof-of-work. Thus, bitcoin invented thermodynamically secured property rights, and property rights are a fundamental building block for human flourishing. Bitcoin provides a decentralized trustless source of truth, and none of the other cryptos do that because they're not nearly as widely adopted.

Bitcoin is a strong base layer that faster more anonymous payments can be based upon, such as Lightning or Liquid, and things like CoinJoin and PayJoin, which are trust less and noncustodial. You can't start with a squishly base layer and then build stable systems, but if you start with solid fundamentals, privacy and better user experiences can be built on top.

Bitcoin is also currently solving the natural gas industry's problem of flaring methane... portable mining rigs use the methane to generate electricity to provide network security to the Bitcoin network, while making natural gas extraction cleaner. Bitcoin mining is also incentivising and paying for the production of clean renewable energy on larger scales than anyone had figured how to fund. And some people use bitcoin mining to provide home heating in the winter. No other crypto is doing those things.

[Nursie]

> Bitcoin solved ...

Its inventors came up with a solution to it, sure, and that is innovative. It's inelegant, it's massively wasteful, but as a technical curiosity it's certainly interesting.

> Thus, bitcoin invented thermodynamically secured property rights

Fucking LOL. You say that as if it tapped into the laws of physics themselves, when actually a quantum computer could cause havoc here. It's using mathematics to achieve consensus, not writing data into the fabric of the universe, and as with all of your other points, it's just first mover advantage again. All of the other cryptocurrencies do the same.

> Bitcoin provides a decentralized trustless source of truth

No, it provides consensus, not truth.

> Bitcoin is a strong base layer

Exactly the same as its clones, forks and children.

> and none of the other cryptos do that because they're not nearly as widely adopted.

They do exactly the same. Adoption is a matter of degree, not absolute.

> Bitcoin mining is also incentivising and paying for the production of clean renewable energy

No, no it isn't. Bitcoin mining is filthy and getting worse.

We don't need more incentives for green energy, the world is already full of those. Bitcoin mining, on the other hand, uses dirty coal in Kazakhstan.

> No other crypto is doing those things.

EVERY other cryptocurrency is doing EXACTLY those same things. It's all just brand recognition.